Take the guesswork out of auto refinancing
See how Caribou works across 50+ lenders to save you money and make auto refinancing hassle-free.
Auto loan contract designed for you
Simple-interest
Fixed-rates
No early payoff penalties
2X THE AVERAGE SAVINGS THAN GOING DIRECTLY TO OTHER FINANCIAL INSTITUTIONS1
We make lenders compete for you
Instead of going lender by lender, we bring you prequalified offers from our network of 50+ lenders so you can compare rates, payments, and terms before you choose.
How Caribou savings stacks up
1 The national average monthly savings for consumers who refinanced auto loans in Q1 2026 was $81, according to Experian’s State of the Automotive Finance Market Q1 2026 report. Caribou customers whose auto refinance loan funded between January 1, 2026, and March 31, 2026, who had an existing auto loan on their credit report and selected a loan offer to reduce their monthly payment, saved an average of $162 per month. Savings may result from a lower interest rate, a longer loan term, or both, and are not guaranteed.
2 Experian’s State of the Automotive Finance Market Q1 2026 report
EASY PROCESS IN 5 STEPS
Getting started is easy with Caribou
Convenient, transparent refinancing that could put money back in your wallet, with offers from our network of trusted lenders.
use caribou tools
Tools Designed for You
Caribou customers save 2x more on average through our marketplace1
Here’s how Caribou auto refinance compares
Avg monthly savings
$162/month1
$101/month1
$60/month1
Checking your rate
No impact to your credit score to check rates+
Credit impact varies by institution.
Credit impact varies by bank.
How you shop
Compare multiple prequalified offers in one place.
Apply to each credit union separately.
Apply to each bank separately.
Offer timing
Available prequalified offers within minutes
Submitting individual applications take more time.
Separate applications take more time.
Who it fits
Busy borrowers who want more options for less work.
Members who value local service.
Customers who prefer an existing bank relationship.
1This information is estimated based on consumers whose auto refinance loan funded through Caribou in Q1 2026, had an existing auto loan on their credit report, and selected a loan offer to reduce their monthly payment. These borrowers saved an average of $162 per month, compared to the industry average reported by Experian in their Q1 2026 State of the Automotive Finance Market Report. Refinance savings may result from a lower interest rate, longer term, or both. There is no guarantee of savings. Your actual savings, if any, may vary based on interest rates, the repayment term, the amount financed, and other factors.
The Caribou difference
Stories behind the savings
Discover what our satisfied customers have to say about their experience with Caribou.
FAQs:
I’ve heard of refinancing a mortgage. Can I really do the same thing for my car?
Most people are familiar with refinancing a mortgage, but you can also refinance auto loans! When you refinance an auto loan with Caribou, you often save hundreds- even thousands- of dollars in interest.
Why should I refinance my vehicle?
Many people refinance because they can get better terms than when they first purchased their vehicle. This saves people money over the lifetime of their loan, either with a lower monthly payment, interest savings, or both! When you refinance, you also have an opportunity to adjust the term of your loan.
What factors go into qualifying for a refinance?
When you apply for a refinance, we’ll need a few pieces of information about you and your vehicle. This information helps us find the best terms you qualify for, and helps us pair you with one of our lending partners.
What kind of vehicles can I refinance with Caribou?
We currently work with all passenger vehicles including cars, trucks and SUVs. At this time, we are unable to offer refinancing for motorcycles and any commercial vehicles.
Can I refinance my lease with Caribou?
No, we do not currently refinance auto lease buyouts.
